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Cable Update (GBPUSD)

  • #158,861
  • Aug 18, 2009 11:48am Aug 18, 2009 11:48am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
couldn't agree more....


talk about splitting salt on wounds...



Quoting wormboy
Now you know why the "happy button" is so helpful. It filters out dirt.
Only a *click* away lol
  • #158,862
  • Aug 18, 2009 11:50am Aug 18, 2009 11:50am
btw, the dow is sneaking up on the old support which have now turned resistance. If it gets rejected and turns, I suppose so will the rest against the dollar.

long dollar! long dollar!
Attached Image (click to enlarge)
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Thank You
  • #158,863
  • Aug 18, 2009 11:51am Aug 18, 2009 11:51am
Quoting ams
Mate, show us your chart analysis......

That's something I love to watch
No probs:
Attached Image (click to enlarge)
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  • #158,864
  • Aug 18, 2009 11:52am Aug 18, 2009 11:52am
Look guys i improve Cog and Ultra Trend combination and my setup.I play 7 days that strategy and i made 1300 pips and no LOSS...
My TP is ususaly 100 pips and Sl is 50 sometimes i take more then 100 pips like yesterday when i took 400 pips
But the most important thing in Forex is MM.And i play 2:1 MM,that mean that i can loose 2 and took one my TP (i am in plus)
I trade on 3 pairs and work perfekt for all three pairs...


I will test it more and i hope that Forex finaly can work for me


Seya
"Buy on fear, sell on greed !!!
  • #158,865
  • Aug 18, 2009 11:52am Aug 18, 2009 11:52am
Yea........! Peter of Serbia.... pls show us how did you do your tech analsyis.... or how to be as llucky as you....
  • #158,866
  • Aug 18, 2009 11:57am Aug 18, 2009 11:57am
Quoting wormboy
I see it brother. the usdlfx is pulling up a bit off support. Problem is, the gbplfx is powering up at the same time. Hope that resistance holds, else this range is gonna take a while to end
I think the bullish excitement is over for now...I'm on the lookout for genuine follow-through, though bro...to convince me to dump her...:nerd:
Hear the music before the song is over ...
  • #158,867
  • Aug 18, 2009 12:00pm Aug 18, 2009 12:00pm
I'm long in GY, just for reversal Head & Shoulders. It may go down for a little as divergence with MACD (15mn chart) but ratio is very good (1:4). TP:158 SL: 156.40. Ichimoku is giving good signals. Let's see. (sideway now pfffff)
If you resist at heart attack, you will be rich from trading.
  • #158,868
  • Aug 18, 2009 12:02pm Aug 18, 2009 12:02pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
That's what I like to see....

Though I liked more the one you did where buyers and sellers were defined, and you got vouched for!! That was something, I have seen in IB's only.

I have been saying from a while that long term trend is bullish, simply because in my theory , all indices UP for 10 weeks is long term bullish, UP for 10 days, short term bullish. This I have learned by working in IB, and from traders!!

Vice-versa for shorts/downtrend. I like to earn money everyday so tech analysis comes in handy. Going short , long is part of the game.


63300 is 61.8% of monthly fibs, and this breakout with all the noise of cable going down etc made me re-think. Who knows we might see 160ishh but we live everyday in this forex world, lol




Quoting direct-trade
No probs:
  • #158,869
  • Aug 18, 2009 12:03pm Aug 18, 2009 12:03pm
Quoting GlobalMacro
I think the bullish excitement is over for now...I'm on the lookout for genuine follow-through, though bro...to convince me to dump her...:nerd:
classic bear trap..no way any1 could have seen this false breakout south at 1.65..will have to wait for this area to get tested to know..
  • #158,870
  • Aug 18, 2009 12:03pm Aug 18, 2009 12:03pm
Quoting ams
couldn't agree more....


talk about splitting salt on wounds...
What wounds buddy? Do know how much all my losses today will save me in taxes?....
Ghost Rider - WWTBMD?
  • #158,871
  • Aug 18, 2009 12:05pm Aug 18, 2009 12:05pm
Quoting GlobalMacro
I think the bullish excitement is over for now...I'm on the lookout for genuine follow-through, though bro...to convince me to dump her...:nerd:
Understood. But I don't think we'll get one today bro. I don't mind her going a bit higher around 6600 & turn tbh. That way I'll get to short th double top (H4) . I think that's a pretty convincing reason for us to dump her no?
Thank You
  • #158,872
  • Aug 18, 2009 12:05pm Aug 18, 2009 12:05pm
Stared at the charts for long enough and I can't envisage a drop from here

A double top on the hourly at 6631 seems more likely

Feels like chasing the mkt, but I am reversing this attempted short scalp and going long to 6631 target

Dow is +88 and rising
  • #158,873
  • Aug 18, 2009 12:07pm Aug 18, 2009 12:07pm
Quoting albchr
What wounds buddy? Do know how much all my losses today will save me in taxes?....
lol you, paul, gm & bb left now to fight out for the honors bro
Thank You
  • #158,874
  • Aug 18, 2009 12:07pm Aug 18, 2009 12:07pm
Quoting nAVIN2007
classic bear trap..no way any1 could have seen this false breakout south at 1.65..will have to ait for this area to get tested to know..
hey Navin, how's it goin' bro?
yes you're right...this move was exaggerated - cable is actually outperforming all the other pairs - so at least a partial correction is due...
Hear the music before the song is over ...
  • #158,875
  • Aug 18, 2009 12:07pm Aug 18, 2009 12:07pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
No Chris, I hate to see you in a loss but you are becoming a good trader as everyday passes, and I am sure you will recover it soon. Just wait for thu and go with the flow after 5 mins of news.



Quoting albchr
What wounds buddy? Do know how much all my losses today will save me in taxes?....
  • #158,876
  • Aug 18, 2009 12:10pm Aug 18, 2009 12:10pm
Quoting wormboy
lol you, paul, gm & bb left now to fight out for the honors bro
i see this going to 1.67 then PA will tell us (me thinks)
  • #158,877
  • Aug 18, 2009 12:11pm Aug 18, 2009 12:11pm
Quoting wormboy
lol you, paul, gm & bb left now to fight out for the honors bro

Well, I dumped a total of 170 pips today.......so that leaves me up a couple this week. And I do mean a "couple"....LOL I still have +23 now but hey, the week is young yet.....
Ghost Rider - WWTBMD?
  • #158,878
  • Aug 18, 2009 12:15pm Aug 18, 2009 12:15pm
Quoting wormboy
Understood. But I don't think we'll get one today bro. I don't mind her going a bit higher around 6600 & turn tbh. That way I'll get to short th double top (H4) . I think that's a pretty convincing reason for us to dump her no?
huh uh...no bro...I'm unfazed by her sh!$ test like this...either she's gonna have to boost for real or shake it for me to see her true intentions....
Hear the music before the song is over ...
  • #158,879
  • Aug 18, 2009 12:16pm Aug 18, 2009 12:16pm
Quoting albchr
Well, I dumped a total of 170 pips today.......so that leaves me up a couple this week. And I do mean a "couple"....LOL I still have +23 now but hey, the week is young yet.....
That post marks you out as an honest trader and poster....

It could have been a lot worse so well done
  • #158,880
  • Aug 18, 2009 12:17pm Aug 18, 2009 12:17pm
Quoting GlobalMacro
hey Navin, how's it goin' bro?
yes you're right...this move was exaggerated - cable is actually outperforming all the other pairs - so at least a partial correction is due...
Im fine brother!..apart from almost lossing my job..trading desire is causing big time conflicts..especailly as my job sucks

hope u doing good in all areas
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